Inverness, IL is an excellent suburb located outside of Chicago. The cost of renting a two-bedroom apartment in Inverness is $1,930, which is slightly higher than the national average of $1,430. The cost of day-to-day items like groceries in Inverness is also higher than the United States with an index score of 102 versus 100 for the US as a whole. There are several local businesses that help make Inverness stand out such as Irena's Kitchen, Pops Pizza & Burgers, and Two Brothers BBQ. These local companies offer unique goods and services that are sure to please everyone who visits the area. As a whole, Inverness has many features that make it an exciting place to live for anyone looking for a great suburban experience near Chicago.
Inverness has an unemployment rate of 8.4%. The US average is 6.0%.
Inverness has seen the job market decrease by -9.4% over the last year. Future job growth over the next ten years is predicted to be 25.8%, which is lower than the US average of 33.5%.
Tax Rates for Inverness
- The Sales Tax Rate for Inverness is 10.3%. The US average is 7.3%.
- The Income Tax Rate for Inverness is 5.0%. The US average is 4.6%.
- Tax Rates can have a big impact when Comparing Cost of Living.
Income and Salaries for Inverness
- The average income of a Inverness resident is $82,453 a year. The US average is $37,638 a year.
- The Median household income of a Inverness resident is $190,458 a year. The US average is $69,021 a year.